1. Home
  2. News & Media
  3. Vietnam’s listed non-financial firms post V-shaped recovery

11

11/20

Vietnam’s listed non-financial firms post V-shaped recovery

Profits of 348 non-financial firms expanded by 7.4% year-on-year in the first nine months of 2020, equivalent to the rate recorded in the pre-Covid-19 period.


 
348 non-financial stock exchang-listed firms in Vietnam maintained positive growth in the third quarter against the same period of last year, showcasing a V-shaped recovery during the process, according to a study by financial data provider FiinGroup.
 
While Vietnam Airlines is still struggling, profits of these remaining non-financial firms expanded by 7.4% year-on-year in the first nine months of 2020, equivalent to the rate recorded in the pre-Covid-19 period.
 
Revenues from the retail sector in the third quarter rose 7-fold against the previous one, while profit growth was over 30% year-on-year, with Digiworld (DGW) and PetroVietnam General Services Corporation (PSD) being major contributors.
 
For financial companies, including commercial banks, insurance and securities firms, their revenues in the third quarter rose by 7%, higher than the growth rate recorded in the second quarter, and profit growth was 4%.
 
The result, nevertheless, remained positive amid the economy facing severe impacts from the Covid-19 pandemic, stated FiinGroup.
 
Source: hanoitimes.vn

Hot News

Booking Tracking Q&A